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To: chessboard_andy who wrote (53)4/6/2021 10:34:57 AM
From: chessboard_andy  Respond to of 76
 
What a beautiful five-day chart:


The volume spike around 1pm on 3/30 was welcome, interesting and not insignificant in my opinion.

We are right at a new key level. 2/19/21 had an intraday high of $11.24 and we closed at $11.19. We are dancing around that $11.19 line including a 20K share block at 10:18 (a few minutes ago as I type this). This will likely create a new minor resist/support line, so a close above $11.19 would be a great sign and above $11.24 is even better.

As I indicated previously, above these levels it is hard to find resistance until $12.96 (I would not predict a move that high, but the chart just shows clear skies).

Key supports in my view remain $10.44ish and $9.60ish. I did use $9.60 as a trading foundation. Here's the 3-month with lines at $11.19, $10.44 and $9.60.